The world’s biggest shipping lines are taking to the skies ...Middle East

Quartz - Economy
The world’s biggest shipping lines are taking to the skies
The world’s three biggest shipping lines have sky-high ambitions to develop their own cargo airlines. Maersk, Mediterranean Shipping Company (MSC), and CMA CGM are buying planes, merging with air cargo vendors, and striking partnerships with existing airlines to expand their air cargo offerings.After two years of soaring shipping profits, the firms know high ocean freight rates fueled by the pandemic won’t last forever. They’re now diversifying into other corners of the logistics business, from trucking to warehousing to supply chain software development before shipping prices collapse. As freight companies bet on a future of vertically-integrated cargo companies, all three shipping lines ar

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